January 16th, 2010 at 10:28:14 AM
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Do casinos take into consideration the house edge for different table games when it comes to comps?
For example, will a $100 a spin roulette player (5.26%), a $100 craps pass line bettor (1.41%), and a $100 per hand blackjack player (about 0.5%) all be rated the same?
More specifically, in craps if you play $100 pass line bets (1.41%) or all four hardways for $25 each (9% to 11%) will a casino still count your action as identical?
For example, will a $100 a spin roulette player (5.26%), a $100 craps pass line bettor (1.41%), and a $100 per hand blackjack player (about 0.5%) all be rated the same?
More specifically, in craps if you play $100 pass line bets (1.41%) or all four hardways for $25 each (9% to 11%) will a casino still count your action as identical?
January 16th, 2010 at 11:02:20 AM
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Interesting question. I know that they calculate a "theoretical loss" to determine comps, and the equation uses time at play * bet size. But to calculate the true theoretical loss, they would need to factor in what bets are placed where. In reality, I do not think this is done, because I think all the input needed would be too cumbersome and they probably just use the table's lowest possible edge.
To sum, I would guess:
"For example, will a $100 a spin roulette player (5.26%), a $100 craps pass line bettor (1.41%), and a $100 per hand blackjack player (about 0.5%) all be rated the same?"
Different
"More specifically, in craps if you play $100 pass line bets (1.41%) or all four hardways for $25 each (9% to 11%) will a casino still count your action as identical?"
The same
However, I could be wrong. Michael? Dorothy? Croupier?
To sum, I would guess:
"For example, will a $100 a spin roulette player (5.26%), a $100 craps pass line bettor (1.41%), and a $100 per hand blackjack player (about 0.5%) all be rated the same?"
Different
"More specifically, in craps if you play $100 pass line bets (1.41%) or all four hardways for $25 each (9% to 11%) will a casino still count your action as identical?"
The same
However, I could be wrong. Michael? Dorothy? Croupier?
So I says to him, I said "Get your own monkey!"
January 16th, 2010 at 7:53:18 PM
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Let's start by comparing table game platers to slot players.
It's well known that slot players get better comps. Why?
Although slots have a higher house advantage, there are two compelling reasons that are more important:
1 - Slot bets may be smaller, but there are far more of them per hour. So the total risked per hour is more.
2 - Slots require very few floor employees.
Think about those differences, and apply them to craps vs BJ/Roulette.
1 - BJ & Roulette bets are resolved every hand/spin. In craps, many bets remain unresolved on most throws.
2 - BJ & Roulette use one employee for, typically, 7 gamblers. Craps uses 4 employees for, typically, 14 players.
On the flip side, the human factor definitely applies.
I was leaving the craps table after a good run. While coloring up, the pit boss was making marks on the comp sheets as they often do. I was reaching down for my chips as he was putting the cards back. I threw down $10 'for the boys'. He stopped, and made an additional mark on one of the cards.
I gotta believe that he was marking my card, and made an additional entry because of my tip.
It's well known that slot players get better comps. Why?
Although slots have a higher house advantage, there are two compelling reasons that are more important:
1 - Slot bets may be smaller, but there are far more of them per hour. So the total risked per hour is more.
2 - Slots require very few floor employees.
Think about those differences, and apply them to craps vs BJ/Roulette.
1 - BJ & Roulette bets are resolved every hand/spin. In craps, many bets remain unresolved on most throws.
2 - BJ & Roulette use one employee for, typically, 7 gamblers. Craps uses 4 employees for, typically, 14 players.
On the flip side, the human factor definitely applies.
I was leaving the craps table after a good run. While coloring up, the pit boss was making marks on the comp sheets as they often do. I was reaching down for my chips as he was putting the cards back. I threw down $10 'for the boys'. He stopped, and made an additional mark on one of the cards.
I gotta believe that he was marking my card, and made an additional entry because of my tip.
I invented a few casino games. Info:
http://www.DaveMillerGaming.com/ —————————————————————————————————————
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁